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Online Advertising In Philadelphia: How Much Will Be Spent in 2022?

Jan 20, 2022 3:23:43 PM / by Larry Julius

Delaware Valley business owners are expected to spend $2.3 billion advertising online in 2022. This, according to Borrell Associates, a company that tracks advertising expenditures across the country.

Borrell's forecast indicates that almost 50% of Philadelphia's online expenditures will be in the form of paid search. The most recognizable type of this advertising is the paid ads that appear adjacent to the results of almost every search query on Google, Yahoo, and Bing.

Borrell's forecast also indicates that approximately 28% of online expenditures will be in the form of display advertising. This consists of traditional banner ads that appear across millions of websites and apps, including social media platforms like Facebook and Instagram. According to SmallBizGenius.net, the average Philadelphia area consumer is served more than 1700 of these ads per month.

Video advertising in Philadelphia is forecast to account for 21% of all online ad dollars in 2022. Like search and display, millions of websites can support this type of advertising. This includes sites, apps, and platforms like YouTube, Roku Channel, Hulu, Paramount+, and most social media sites.

The remainder of online advertising dollars is expected to be spent on audio advertising, including streaming sites like Pandora and Spotify; or email marketing campaigns.

So many Philadelphia business owners are investing a large portion of their marketing budgets into online advertising because that's where their customers are.
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Topics Millennials, Streaming Audio, social media advertising, Online Advertising, digital advertising, borrell associates, social media, streaming video, advertising options, internet, ad spending, streaming media, internet advertising, sem

Recruitment Advertising In Philly: Best Way To Reach Job Candidates

Jan 7, 2022 3:54:08 PM / by Larry Julius

There are 230,328 small businesses in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metro Area, according to the US Census Bureau. Based on projections from the National Federation of Independent Business Owners (NFIB), nearly half of these companies have job openings they cannot fill.

As a result of the acute labor shortage, says the NFIB, 29% of small business owners rank the quality of labor as the most important problem they face. A year ago, only 21% said finding workers was their biggest issue.

The labor crunch in the Delaware Valley area is being driven, in big part, by a record-high number of employees voluntarily quitting their jobs. Just last month, according to the US Bureau of Labor Statistics, 4.5 million employees across the country left their current place of employment.

According to the Wall Street Journal, those who are not currently working say they are in no hurry to return to the workforce. The lack of urgency stems from five primary reasons:

  • 29% say they don't need to work right now because their spouse is employed
  • 28% say they cannot return to work because of care responsibilities at home
  • 25% say they don't need to return to work because they have a financial cushion
  • 20% say they are fearful of returning to work because of COVID-19
  • 5% say they do not need to return because of current unemployment benefits

There seems to be little chance that these resigned workers can be lured back into the labor force. Therefore, to fill open jobs, local business owners will need to focus their efforts towards recruiting among Philadelphia's "passive" job candidates.

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Topics Recruitment Advertising, Find Qualified Job Canidates, social media advertising, radio advertising, employment advertising, social media, help wanted, online job boards, passive job seekers, active job seekers, indeed, monster.com, zip recruiter, radio recruitment

Advertise On Philadelphia Radio? 5 Things Business Owners Get Wrong

Dec 30, 2021 2:10:05 PM / by Larry Julius

To ensure success, every Delaware Valley business owner needs to advertise.

"Think you have a great product?" asks the US Small Business Administration. "Unfortunately, no one’s going to know about it unless you advertise.”

The SBA goes on to say, “Advertising, if done correctly, can do wonders for your product sales, and you know what that means: more revenue and more success for your business.”

There are dozens of ways for local small business owners to advertise. By most metrics, the best way to advertise is on Philadelphia radio. These measures of effectiveness, however, are often obscured by the glimmer and glitz of newer technologies. 

To help reduce the glare that often blinds business owners to the potency of advertising on Philadelphia radio, here are the top five things many local business owners get wrong.

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Topics Advertise On Philadelphia Radio Stations, Radio Advertising Works, Radio Listening, Effective Radio Commercials, advertising on Philadelphia radio, radio promotion, radio advertising, philadelphia radio, advertise on radio, radio commercials, radio history, advertise on Philadelphia Radio, radio formats, car radio, who listens to radio

Advertise In Philadelphia: Who's Watching The Local TV Stations?

Dec 22, 2021 10:00:19 AM / by Larry Julius

It wasn't too long ago when advertising on Philadelphia television stations was considered the gold standard for marketing by local business owners. But over the past few years, the number of viewers reached by KYW, WPVI, WCAU, WHYY, and WTFX has plummeted. In all only 75% of adult consumers now tune-in to at least one of these channels during the week, according to Nielsen.

The consumption of video content isn't diminishing among Delaware Valley consumers. What has changed, though, is how they are watching it.

In November, according to Nielsen, the share of time watching broadcast television has fallen behind other video options including cable programing and internet-delivered choices such as Netflix, Hulu, Disney+, and hundreds of other streaming networks.

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Topics television advertising, philadelphia television, pay-TV, direcTV, cable television, television, satellite television, cable tv, ott, ctv, streaming video, SVOD, avod, cable, local television, streaming media

Philadelphia Small Business Owners Guide To OTT & CTV Advertising

Dec 14, 2021 2:56:08 PM / by Larry Julius

It used to be so simple. When a small business owner wanted to advertise on Philadelphia television, there were only a few options including, KYW, WPVI, WCAU, WHYY, and WTFX. But slowly, the number of options expanded to include cable channels provided by Xfinity, DISH, DirecTV, and Comcast.

Heading in 2022, local advertisers have even more options as internet-connected devices deliver hundreds of more programming choices to Delaware Valley consumers. Collectively, this type of content is called OTT (Over-The-Top-Television) or CTV (Connected-Television). For the purpose of this discussion, OTT & CTV will be referred to singularly as streaming video.

Streaming video can be viewed on any device that can connect to the internet. This includes computers, laptops, tablets, and smartphones. Programing can also be accessed using a smart-TV, Roku Stick, Amazon Fire Stick, or a game console. In all, according to Nielsen, 94.2% of Philadelphia households own a device capable of receiving streaming video.

In all, says Nielsen, 2.7 million consumers watch streaming video content every week. Combined, these internet channels now reach more adults every week than local newspapers, podcasts, and digital audio services like Pandora, Spotify, Sirius/XM. Amazon Music, and iHeart Radio.

Surprisingly, streaming video now reaches almost as many adults as local TV and local cable.

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Topics television advertising, Online Advertising, digital advertising, pay-TV, direcTV, cable television, cable tv, ott, ctv, streaming video, cable, internet, local television, streaming media, internet advertising

Philadelphia Radio Still Reaches More Consumers Than All Other Media

Dec 10, 2021 2:49:03 PM / by Larry Julius

When WGL-AM became Philadelphia's first radio station in 1922, there was no Facebook, no Xfinity, no Sirius/XM, no Netflix, and no podcasts. It would be 19 years before there was even a local TV station.  Consequently, it was pretty easy for radio to become the number one reach medium among local consumers.

Over the past 99 years, Philadelphia business owners have come to depend on the mammoth reach of radio among local shoppers to successfully market the goods and services they sell. Advertising on Philadelphia radio has helped Delaware Valley companies to survive and thrive during world wars, natural disasters, recessions, depressions, and even a pandemic.

Heading into 2022, local consumers have more media choices than ever before. But, despite the overabundance of social media, video streaming, audio streaming, cable, and other technological marvels, Philadelphia radio is still the most used advertising medium.

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Topics Pandora, Streaming Audio, philadelphia radio, reach, Spotifty, advertise on radio, sirius/xm, advertise on Philadelphia Radio, best way to advertise in philadelphia, advertising options, podcast, advertising reach, streaming media, podcasting

Advertise In Philadelphia: Top 5 Articles From 2021

Nov 29, 2021 1:01:25 PM / by Larry Julius

Based on projections from the National Retail Federation (NRF), Philadelphia consumers are on track to spend $75.9-billion with retailers by the end of this year. This would be 13.5% higher than was spent in 2020.

To earn a significant share of these retail dollars, Philadelphia area business owners are expected to spend $2.4 billion to advertise by year's end, according to Borrell Associates. This company tracks advertising expenditures in local markets across the U.S.

To ensure they are spending their advertising and marketing dollars wisely, many Philadelphia business owners research how to best target prospective customers by using local media. An exceptional resource for local business owners to investigate the media habits of localconsumers is on the advice section of AdvertiseInPhiladelphia.com.  

Here are the top five most-read articles on the site in 2021:

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Topics Best Way To Advertise, Advertise In Philadelphia, advertising on Philadelphia radio, social media advertising, Online Advertising, radio advertising, advertise on radio, advertise on Philadelphia Radio, advertising options, internet advertising, hwo to advertise, how to advertise

What Are Philadelphia Consumers Watching On TV?

Nov 18, 2021 1:47:22 PM / by Larry Julius

Every week, according to Nielsen, 4.1 million adult consumers in the Delaware Valley watch something on television. But, of course, the definition of what it means to watch TV has changed since the time when the number of available viewing options could be counted on the fingers of a single hand.

Today, Philadelphia consumers have a gargantuan number of viewing choices. This includes programs from stations like KYW, WPVI, WCAU, WHYY, and WTFX. Or maybe cable and satellite systems like Xfinity, DISH, DirecTV, and Comcast. There's also content delivered over the internet from Netflix, YouTube, Hulu, Disney+, and Amazon Prime.

No longer are Philadelphia consumers tied to the 21-inch Zenith in their living rooms. Instead, TV can be watched on giant LCDs, smartphones, and tablets from any room in the house, in the backseat of their cars, or practically anywhere else.

The best way to think about TV watching in Philadelphia is in terms of three buckets:

  1. Over-the-air...including all broadcast channels
  2. Cable...including all premium and non-premium programming
  3. Internet...including all streaming services. This is also known as OTT or CTV

Here's how many Philadelphia adult viewers fall into each bucket. Remember, viewers are not limited to a single bucket.

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Topics Best Way To Advertise, television advertising, philadelphia television, pay-TV, direcTV, cable television, television, dish network, satellite television, cable tv, ott, ctv, streaming video, cable, best way to advertise in philadelphia, internet, local television, streaming media, internet advertising

Philadelphia New Car Buyers Agree: Put AM/FM Radio In My Dashboard

Nov 11, 2021 10:32:32 AM / by Larry Julius

In 2020, there were 232,088 new cars and trucks registered in the Philadelphia metro area. This number is based on projections from the National Auto Dealers Associaton (NADA) and the U.S. Census bureau.

In all, says NADA, there are 863 new-car dealerships in Pennsylvania. Despite the pandemic, these dealers, including those in the Philadelphia area, sold $38 billion worth of new vehicles.

Through June of this year, these same dealers have already rung up $23.9 billion in new car sales.

When it comes to buying new vehicles, Philadelphia consumers have a broad range of preferences. Some buyers want Fords while others want Chevrolets, Toyotas, or Teslas.  Some buyers want pick-up trucks, while others want sub-compacts, SUVs, or sports cars. Of course, some want blue vehicles, while others want pearl white, orchard green, or redolent red.

There is one purchase criterion, however, that most Philadelphia car buyers can agree on. They want an AM/FM radio smack-dab, in the middle of their dash.

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Topics advertising on Philadelphia radio, philadelphia radio, automotive, used trucks, used cars, in-car audio, vehicle traffic, used vehicles, advertise on Philadelphia Radio, best way to advertise in philadelphia, car radio, who listens to radio

Does The Facebook Name Change Affect Philadelphia Advertisers?

Oct 29, 2021 3:06:34 PM / by Larry Julius

Every month, 5.1 million adults in the Delaware Valley use social media, according to Nielsen. Seventy-five percent of these consumers use Facebook, far more than other sites like Instagram (also owned by Facebook), Twitter, Snapchat, Pinterest, and LinkedIn.

As a stand-alone medium, Facebook is used by more people in Philadelphia than watch local TV stations. Only Philadelphia radio and local cable reach more consumers.

The large audience commanded by social media has attracted a significant amount of advertising dollars from local advertisers. According to Borrell Associates, a company that measures advertising expenditures across the county, Philadelphia area businesses are expected to spend $471 million on social media advertising, a 27.4% increase over 2022. The overwhelming majority of these dollars are being spent with Facebook.

Yesterday, Facebook founder Mark Zuckerberg announced the company was changing its name to "Meta".  This change, though, only affects the name of the parent company. There will be no change to the company's brands like Facebook, Instagram, or WhatsApp.

How will this name change affect Philadelphia businesses that advertise on Facebook?

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Topics advertising on Philadelphia radio, social media advertising, facebook advertising, philadelphia radio, instagram, facebook, twitter, borrell associates, social media, advertise on Philadelphia Radio, LinkedIn, metaverse, meta

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